Press Release

Release Date: September 29, 2006

For immediate release

The Federal Reserve Board on Friday announced its approval of the notice filed by Wachovia Corporation, Charlotte, North Carolina, to acquire all the voting shares of Golden West Financial Corporation ("Golden West"), Oakland, California, and thereby acquire World Savings Bank FSB, Oakland, California, and World Savings Bank FSB (Texas), Houston, Texas, and the other nonbanking subsidiaries of Golden West.